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Prospect, TAS 7250

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Prospect, TAS 7250 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Prospect, TAS 7250”

  1. The total adult population (15 years or older) of Prospect 7250 TAS is 1,620, with a median age of 43. Of those, 42.90% are married, 14.26% are divorced or separated, 34.44% are single and 8.09% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $7,024. The median monthly mortgage repayment for households in this suburb is $1,300 which is 18.51% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of PROSPECT 7250 is nestled in the myriad landscapes of TAS and boasts 978 households. As we step into the third quarter of 2023, the typical price for the houses in this suburb stands at an impressive $571,238. The median weekly rent for these properties is around $458, producing an attractive indicative yield of 4.17%.

    Diving deeper into the socio-economic aspects, the suburb awakens to an IRSAD score of 952 out of 1217. This figure is indicative of a reasonably good standard of living, with fairly navigable access to economic resources and professions that are skewed towards the skilled end of the spectrum.

    The renter to owner ratio in PROSPECT stands at the equilibrium point of 30%, circumscribing an ideally balanced property market with controlled competition among property investors. The units to houses ratio trails at 25%, indicating a relative abundance of houses over units and attracting families who are inclined to settle for longer tenures, therefore, offering property investors the attraction of stable yields.

    Turning our gaze to the affordability index, owning a house in PROSPECT would take approximately 32 years which, albeit slightly on the higher end, adds character to the region and showcases its appeal to those who command greater financial prowess.

    In terms of supply, the stock on market Percentage for houses is measured at 0.91%, falling in the neutral range. It is coupled with an inventory level lining up at 2.25 months, illustrating a market that is adept at absorbing new listings with reasonable dynamism.

    Underpinning the construction activity in this region is the building approvals Ratio for houses at 1.06%, suggesting a controlled yet steady growth in new properties.

    The property pulse of PROSPECT reveals a days on market figure for houses languishing somewhat at about 95 days, a hint at a presence of lower demand. However, this is offset by the remarkably low vacancy rate (combined houses and units) at a mere 0.69%, indicating a high demand area where properties are quick to be occupied.

    Tooting on the digital end of this suburban symphony is the buy search index for houses, captured at 4. It discreetly underscores a neutral level of online interest in properties in PROSPECT, keeping the investment appeal in check.

    In essence, with a blend of favourable and neutral metrics, PROSPECT presents itself as an intriguing prospect for property investors who are on the lookout for emerging markets to invest in. To top it off, this suburb’s Relative Composite Score (RCS) is a testament to a systematically conducted analysis that incorporated over 80 metrics. Therefore, rest assured, this quantifies the capability of the property market in PROSPECT to deliver on your investment expectations.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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